Insider Buying: National Security Group Inc (NSEC) Major Shareholder Purchases 5,505 Shares of Stock

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National Security Group Inc (NASDAQ:NSEC) major shareholder Andrew J. Abernathey acquired 5,505 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of $12.59 per share, for a total transaction of $69,307.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

NASDAQ:NSEC traded down $1.86 during midday trading on Friday, reaching $12.43. The stock had a trading volume of 101 shares, compared to its average volume of 839. National Security Group Inc has a 12-month low of $10.63 and a 12-month high of $17.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.27 and a quick ratio of 0.24. The firm has a market cap of $30.36 million, a price-to-earnings ratio of 13.11 and a beta of 0.01.

National Security Group (NASDAQ:NSEC) last posted its quarterly earnings data on Thursday, February 28th. The insurance provider reported ($0.42) earnings per share for the quarter. National Security Group had a net margin of 4.11% and a return on equity of 5.82%. The firm had revenue of $15.71 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 6th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.61%.

An institutional investor recently raised its position in National Security Group stock. RFG Advisory LLC boosted its position in National Security Group Inc (NASDAQ:NSEC) by 66.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,521 shares of the insurance provider’s stock after buying an additional 10,553 shares during the period. RFG Advisory LLC owned approximately 1.05% of National Security Group worth $345,000 as of its most recent SEC filing. 2.64% of the stock is owned by institutional investors and hedge funds.

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National Security Group Company Profile

The National Security Group, Inc, an insurance holding company, provides insurance products and services in the United States. The company operates in two segments, Property and Casualty Insurance, and Life Insurance. The Property and Casualty Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance services in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.

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